Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Asset identification
  • 30 Aug 2024

    HYF v. CSL

    Citation
    [2024] HKFC 162
    Court
    Family Court
    Case number
    FCMC14931/2014

    Applying section 7 MPPO and LKW principles the court identified and adjusted the parties' asset ledgers (adding back quantified sums for non-disclosure and dissipation), concluded surplus exists after needs are met, applied the sharing principle but departed from equality because of W's greater contributions, H's gross misconduct (maintenance to mistress and child), abusive litigation in Shanghai and material non-disclosure; after adjustments the matrimonial pot was HK$174,930,171.36 and respondent (H) was awarded one quarter of the pot, payable as a lump sum of HK$22,508,000 by W within 28 d…